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Covered a $157K Ethereum Short at $4,548.94

I liquidated a $157,000 short position in Ethereum (ETH) at $4,548.94 to lock in the outcome and remove immediate exposure to further upside.

I will now watch price action around the $4,500–$4,600 area for a clear retracement or a decisive continuation before considering a new trade.

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Analysis

Closing a large short at this level indicates either profit-taking or a forced cover; near-term risk favors upside if momentum holds above $4.6k, while support around $4.2k–$4.4k will be key for any r...

Recommendation

Monitor ETH closely and wait for a clear retracement or loss of upward momentum before re-entering shorts; consider partial entries only after confirmed weakness around current levels.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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